Installed Building Products CEO Jeffrey Edwards' 2021 pay rises 6% to $4.4M
Installed Building Products reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Installed Building Products reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, five executives at Installed Building Products received on average a compensation package of $1.8M, a 6% increase compared to previous year.
Average pay of disclosed executives at Installed Building Products
Jeffrey W. Edwards, Chief Executive Officer, received $4.4M in total, which increased by 6% compared to 2020. 62% of Edwards' compensation, or $2.7M, was in stock awards. Edwards also received $879K in non-equity incentive plan, $742K in salary, as well as $28K in other compensation.
For fiscal year 2021, the median employee pay was $53,222 at Installed Building Products. Therefore, the ratio of Jeffrey W. Edwards' pay to the median employee pay was 82 to one.
Jay P. Elliott, Chief Operating Officer, received a compensation package of $1.9M, which increased by 5% compared to previous year. 53% of the compensation package, or $1M, was in stock awards.
Michael T. Miller, Chief Financial Officer, earned $1.7M in 2021, a 5% increase compared to previous year.
W. Jeffrey Hire, President, External Affairs, received $669K in 2021, which increases by 7% compared to 2020.
Jason R. Niswonger, Chief Administrative and Sustainability Officer, earned $632K in 2021, a 8% increase compared to previous year.
Related executives
Jeffrey Edwards
Installed Building Products
Chief Executive Officer
Michael Miller
Installed Building Products
Chief Financial Officer
Jay Elliott
Installed Building Products
Chief Operating Officer
W Hire
Installed Building Products
President, External Affairs
Jason Niswonger
Installed Building Products
Chief Administrative and Sustainability Officer
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Source: SEC filing on April 14, 2022.